PETALING JAYA: Analysts are maintaining their automotive total industry volume (TIV) forecast for the year, following January’s increased vehicle sales of 55,066 units – a rise of 34.5%.
“The annualised one-month vehicle sales in January accounted for 103% of our full-year TIV forecast of 637,500 units and the Malaysian Automotive Association’s (MAA) forecast of 640,000 units. At this juncture, we are maintaining our 2013 TIV forecast of 637,500 units, as it would be premature to make any drastic changes in estimates in the first month of the year,” according to MIDF Research in a report yesterday.